USD/CHF, D1

On the daily chart, the instrument tries to consolidate above the psychological level of 1.0000. Bollinger bands reversed upwards, and the price range is widening, which indicates the strengthening of the pair. MACD histogram is in the positive zone, its volumes are growing, keeping the buy signal. Stochastic does not give a clear signal for entering the market.

USD/CHF, H4

On the 4-hour chart, the instrument strengthened in the upper part of Bollinger bands. The indicator is directed sideways, while the price range remains unchanged, which indicates the maintenance of the current trend. MACD histogram is in the positive area, keeping the buy signal. Stochastic entered the overbought area.

Key Levels

Resistance levels: 1.0002, 1.0058, 1.0109.

Support levels: 0.9997, 0.9964, 0.9938, 0.9904, 0.9870, 0.9828, 0.9790.

Trading tips

Long positions can be opened above the level of 1.0035 with the target at 1.0100 and stop loss 0.9995. Implementation period: 1–3 days.

Short positions can be opened below the level of 0.9925 with the target at 0.9845 and stop loss 0.9950. Implementation period: 2–3 days.

US Dollar vs Swiss Franc

BuySellSpread
0.998710.99727144

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point1.0040
Take Profit1.0100
Stop Loss0.9995
Support levels0.9790, 0.9828, 0.9870, 0.9904, 0.9938, 0.9964, 0.9997, 1.0002, 1.0058, 1.0109

Alternative scenario

RecommendationsSELL STOP
Entry Point0.9920
Take Profit0.9845
Stop Loss0.9950
Support levels0.9790, 0.9828, 0.9870, 0.9904, 0.9938, 0.9964, 0.9997, 1.0002, 1.0058, 1.0109
USD/CHF: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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